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Terraces Condominium, Bukit Jambul Insights

Developer:IJM Penang
Architect:
Main Contractor:
Land Size (sqm):
GFA (sqm):
Plot Ratio (Incl. Bonus):
Project Name:Terraces Condominium
Street Name:Terraces Condominium, Lebuh Bukit Jambul, 11900 Bayan Lepas, Pulau Pinang
Postal Code:11900
Property Type:
Tenure:
District/Planning Area:Bukit Jambul
Completion:N/A
Number of Landed Units:0 units
Number of Non Landed Units:410 units
Sold Price Range/Average*:RM 0 psf - RM 0 psf / RM 0 psf
Leased Rental Range/Average**:
Implied rental yield**:0%
Historical High:RM 0 psf in Dec 2024 for a 0-sqft unit
Indicative Average Price from Historical High:%
Historical Low:RM 0 psf in Dec 2024 for a 0-sqft unit
Buyer Profile by Residential Status:
Buyer Profile by Purchaser Address:
*Based on transactions in the last 48 months.
**Based on asking rental data in the last 12 months. May not be representative.
Amenities
24-hour Security
Astro and Broadband
Car Park
other-amen
Swimming Pool

About This Project

Terraces Condominium by IJM Penang


Terraces Condominium, lately is one of the hottest residential development by IJM Land in Bukit Jambul, Penang. This project strategically located on a 9.24 acres land just next to INTI International College.


This development comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. Indicative price starts from RM531,000 onwards.


Terraces Condominium is strategically situated in Bukit Jambul, Terraces is mere minutes away from a myriad of destinations for work, education, leisure and travel for your convenience. With swift access to Penang Bridge and Penang Second Bridge, you can travel with ease both on the island and to the mainland.

  

Easy access to amenities, such as INTI International College, University Sains Malaysia (USM), Queensbay Mall, Sunshine Square, Tesco Extra Penang, Pantai Hospital, Hope Children Hospital, Penang Golf Club, SPICE, Penang International Airport and etc. 



Verdict


This is probably the best property deal on beginning of year 2021. Reputable developer, the “Right” price point ( within the Middle Incomer Range) and “Location” surrounded by Greenery and Amenities. And able to rent directly to INTI/USM students is a huge point added. Although it’s a leasehold land of >90 years, the selling point far surpasses the drawback. What more, leasehold land is often renewable back to 99 years with the state, and you only need to pay fraction of the fee as the renewal cost is split among all 410 units of owner.



Reference

Sales Transaction of Terraces Condominium

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